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💡 The U.S. Department of Energy (DOE) keeps on giving and innovating. Building on the $35m CDR purchase prize currently underway, the DoE just announced the “Voluntary Carbon Dioxide Removal Purchasing Challenge” (#CO2RP).
The CO2RP aims to act as a multiplier, amplifying the impact of existing DoE CDR programmes. It aims to do so by:
💼 Connecting supplier with buyers of durable CDR
🏆 Creating a market leaderboard of durable CDR purchases
🔍 Reduce transactional friction by providing transparency on supplier and contract best practices
🌟 Google has already joined the challenge as the first buyer and will match the DoE’s $35m with $35m of their own.
😍 This is huge! I love the ambition of the DoE and how it is breaking down barriers between public and private sector (which characterise EU CDR policy for example). The CO2RP will allow the DoE to catalyse hundreds of millions of purchases, and use its brand to draw in the buyers we so desperately need.
🔗 Check out the full Notice of Intent (NoI) here: https://lnkd.in/dzWqdU65
✉ The DoE is accepting feedback/input on the CO2RP until May 15th. Send an email to VoluntaryCDRchallenge@hq.doe.gov and include “Voluntary CDR Purchasing Challenge” in the subject line.
👏 Congrats to Noah Deich, Rory Jacobson and the rest of the team at DoE's Office of Fossil Energy and Carbon Management (#FECM) for their groundbreaking work to help us scale CDR to climate relevance.
❓ What questions or comments do you have? I am in DC right now, meeting with folks behind the CO2RP - happy to channel your comments to them. 💬
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